Japanese Stocks Enter Bear Market, Credit Risk Surges To 20-Month Highs
"It’s difficult to see the fall stopping today," warned one Japanese equity strategist and rightly so as Japan's broad TOPIX idnex just entered a bear markets (down 20% from the August 2015 highs). With the Nikkei well below 17,000, Kuroda is due to speak at the Diet today as Japanese corporate bond risk surges to 20-month highs.
TOPIX enters Bear Market
And now the Nikkei:
- *JAPAN'S NIKKEI 225 EXTENDS DECLINE FROM JUNE HIGH TO 20%
And Japanese corporate bond risk is surging - up 3.5bps to 87bps - the highest in 20 months...
Get back to work Mr. Kuroda!!
- *JAPAN'S PARLIAMENT CONFIRMED KURODA'S APPEARANCE
We just have one quick question - how does the government explain to its citizenry that foircing GPIF to go all-in Japanese stocks and corporate credit was a terrible idea and their retirement funds are FUBAR?
(4 votes)
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Hasn't Japan been in a "bear market" since about 1989?
looks like there printing again. yen red
"I was a was a kamikaze pilot
They gave me a plane, I couldn't fly it
Taught how to take off, I don't know how to land
They say it doesn't matter and I just cannot understand"
-Hoodoo Gurus
But But But... you own part of the Company when you own Stawks.
here buddy the paper recycling Bin is Yours...
"They just haven't printed enough for market stawbeeelity!" - Paul Krugman
Did Abe shit his kamoto?
For those that don't know. The TOPIX is the Japanese equivalent of NASDark.
help us obi wan kuroda. you're our only hope.
I don't think there is anything to worry about. Everyone knows that the US economy is very strong and countries like China and Japan have no real effect on our economy.
Seriously...
we're killing it, right?
you are correct. the problem is purely japan. it is contained. sleep well
Japs got hammered and set the tone for Monday, Bloody Monday
Yeah...but US is closed Monday. Plenty of time between now and Tuesday morning to get oil higher and China positive.
I think we can call this bloody January now.
I have a couple cases of tuna [5oz cans] In case of emergency. They have super long shelf life, but I wanted to rotate stock.
All that tuna is pre Fukushima, so I decided to hang on to it for a while longer. { Bearing Sea}
[ I was going to donate it.]
All the newer stuff I've purchased, is South China Sea, caught. [farmed]
Watch the upcoming fatal NIK kamikaze dive here, free, live-10'-delayed:
http://finviz.com/futures_charts.ashx?t=NKD&p=d1:
you missed the dive. this the bottom. you should have posted on the first week of dec. you have no idea how to trade. nasty dead cat bounce coming, to run shorts then crash. that how wall st do. makes the most money. watch aud/jpy skyrocket. also maybe dollar needs a blow off top and then trap the most crowed trade currently by along shot as ZH offen mentions.
Pootin will save them.
Maybe Japan's market will punch a hole through the floor first. This is a shit show. I wonder what the total shale junk debt is and if that is even knowable with the corruptions involved in accounting these days. What sucks is that it was all engineered, including the oil oversupply. Not that it matters in the end as it's just one of many engineered bubbles of clusterfuq land.
We know we are headed for hell eventually but one would assume there would be a couple layovers along the way.
printers are on warp speed 6
When the BoJ owns all stocks and bonds, and they collapse, what happens then? I ask because we are about to find out.
10 trillion yen in equities and 52 per cent of the ETF market at last count
It's pretty ugly. Kampo and the postal system, Insurance companies in Japan are getting eaten alive.
Mrs. Watanabe is getting beyond pissed off as her pension is eaten away, and her purchasing power eroded from 2012.
Cars are just trinkets, and I don't see much inspiring new product out of Japan.
All the engineers are fucking[ Love Dolls ?]
That's good for demographics and inflation? </sarc>
The nice, long US weekend will give all the equity holders plenty of time to plan out and change their portfolios on Tuesday (like getting the fu_k out). Wonder if there will be more "technical" problems with completing trades?